DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by John
I didn't say I had a brand new car, currently I have a 10 year old one and a 16 year old one.
You've clearly not done any sums though so ok. I can never make PCP work out for me but I can see how it does for some people, especially if you catch a good deal.
In 3CM's case, I would much rather drive a new rented car about than the corrado/escort and be able to say I owned that at the end.
Its only 'a good deal' if:
A) You're a business user and don't have to pay VAT.
or B) You're a business user and your car allowance is paying for it.
Otherwise its better to buy the car... However I agree there is SOME merit in leasing a very cheap car Smart/107/C1/Aygo/Modus etc. when the lease is peanuts say £100 or less per month..
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Ben G
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Registered: 12th Jan 07
Location: Essex
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People who buy their cars outright have something to show for it at the end. what? A shoddy car with potential repair bills.
I have both brand new on finance and a 10 year old car thats paid for.
What gives me more worry? The older one obviously. Anything goes wrong on the focus, it's the dealers problem. Anything goes wrong on the z4, it's coming straight out of my pocket.
also if you like changing cars/get bored every year or 2, then theres no hassle in selling the new car privately.
Still, whatever floats your boat. I personally can't stand answering questions from tyre kickers and chancers, hence why the new car option is attractive to me.
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Ben G
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Registered: 12th Jan 07
Location: Essex
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Davey. Focus is 188 a month. To buy outrightwas 14500.
How is 188 a month not better than 14500? In 3 years the car would be worth half that and you'd be left with a 3 year old car without a warranty.
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JordyCarter
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Registered: 14th Mar 10
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quote:
Originally posted by Ben G
Davey. Focus is 188 a month. To buy outrightwas 14500.
How is 188 a month not better than 14500? In 3 years the car would be worth half that and you'd be left with a 3 year old car without a warranty.
I dont get this am i missing something? Potentially you pay x amount of thousands of pounds to hand it over at the end? Yeah i get depreciation etc but in theory havnt you just lost loads of money with no car at the end? What abouts repairs do you get some sort of warranty?
[Edited on 12-09-2013 by JordyCarter]
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Ian W
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Registered: 8th Nov 03
Location: Wirral, Merseyside
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quote:
Originally posted by JordyCarter
quote:
Originally posted by Ben G
Davey. Focus is 188 a month. To buy outrightwas 14500.
How is 188 a month not better than 14500? In 3 years the car would be worth half that and you'd be left with a 3 year old car without a warranty.
I dont get this am i missing something? Potentially you pay x amount of thousands of pounds to hand it over at the end? Yeah i get depreciation etc but in theory havnt you just lost loads of money with no car at the end? What abouts repairs do you get some sort of warranty?
[Edited on 12-09-2013 by JordyCarter]
But if you bought it for 14500 and then sold it for 7500 3 years later then the 7k difference is lost just the same.
That's how I see it anyway.
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Ben G
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Registered: 12th Jan 07
Location: Essex
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But you'd have the hassle of trying to sell it privately, so you either lose 188 a month or lose the 7k in depreciation when you sell it.
Either way, if I had 14k, i'd be putting it in an isa, rather than spend it all.
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JordyCarter
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Registered: 14th Mar 10
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Yeah i see your points about depreciation completely.
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
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quote:
Originally posted by Ben G
But you'd have the hassle of trying to sell it privately, so you either lose 188 a month or lose the 7k in depreciation when you sell it.
Either way, if I had 14k, i'd be putting it in an isa, rather than spend it all.
You wont be putting 14k in an ISA.. Be nice if you could 
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote:
Originally posted by JordyCarter
Yeah i see your points about depreciation completely.
Depreciation affects you if you go with PCP .. You just end up paying MASSIVE monthly rental..
For example if you wanted an 7 series or an E-Class on PCP the payments would be EPIC.
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John
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Registered: 30th Jun 03
User status: Offline
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quote:
Originally posted by DaveyLC
quote:
Originally posted by John
I didn't say I had a brand new car, currently I have a 10 year old one and a 16 year old one.
You've clearly not done any sums though so ok. I can never make PCP work out for me but I can see how it does for some people, especially if you catch a good deal.
In 3CM's case, I would much rather drive a new rented car about than the corrado/escort and be able to say I owned that at the end.
Its only 'a good deal' if:
A) You're a business user and don't have to pay VAT.
or B) You're a business user and your car allowance is paying for it.
Otherwise its better to buy the car... However I agree there is SOME merit in leasing a very cheap car Smart/107/C1/Aygo/Modus etc. when the lease is peanuts say £100 or less per month..
Or C) if you get a good deal.
When you are talking about the small car leases, seen a smart for2 for £79 a month earlier.
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JordyCarter
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Registered: 14th Mar 10
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Would it not work out cheaper to get a bank loan and pay for the car like that?
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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Whats a good deal? For example the OP's deal didn't seem very good nearly £12.5k to own a car for 4 years that you have to give back.. I'm not feeling it 
Especially when the RRP on a 1 series starts at £17.5k.. There is no way in hell a 1 series will be worth a mere £5k in 4 years..
[Edited on 12-09-2013 by DaveyLC]
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote:
Originally posted by JordyCarter
Would it not work out cheaper to get a bank loan and pay for the car like that?
It would work out better to get a 0% Finance Deal.. Then you've go the whole New car v's 2 year old car argument.
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JordyCarter
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Registered: 14th Mar 10
User status: Offline
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quote:
Originally posted by DaveyLC
quote:
Originally posted by JordyCarter
Would it not work out cheaper to get a bank loan and pay for the car like that?
Then you've go the whole New car v's 2 year old car argument.
Not sure what this means
Reason i say is because thats just what my dads done i was curious if it was the best choice
[Edited on 12-09-2013 by JordyCarter]
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John
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Registered: 30th Jun 03
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So basically you can't tell until you've got the actual figures on that actual car on that actual day and you know what you can deal with coming out of your bank account.
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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You keep talking about these 'good deals' though John and you'll argue until your keyboard fails but you never have anything to back it up?? Lets see some figures that make sense? Hell if you can find 'a good deal' I'll go buy one!
You remind me of a guy I used to work with.. He would always wank on about how he got these 'great deals' but when ever you ask for the details there are always 'excuses' not to give the details because to be quite blunt he's full of sh*t.
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John
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Registered: 30th Jun 03
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You've clearly not read anything in here and just type words.
I've never been able to get it to make sense for me. I do know however, that lots of people do get good deals, the internet is full of them.
You sound like you like buying cat c stuff for cheap so can't believe how anyone might want to pay more for a brand new car.
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DaveyLC
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Registered: 8th Oct 08
Location: Berkshire
User status: Offline
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quote:
Originally posted by John
You sound like you like buying cat c stuff for cheap so can't believe how anyone might want to pay more for a brand new car.
Yep I love a bit of cheap Salvage ...
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John
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Registered: 30th Jun 03
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So because you like stuff that others have dis-guarded, it isn't at all possible for anyone else to get a lease deal on something brand new?
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Nath
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Registered: 3rd Apr 02
Location: MK
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Portfolios imminent.
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Ben G
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Registered: 12th Jan 07
Location: Essex
User status: Offline
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quote:
Originally posted by DaveyLC
quote:
Originally posted by Ben G
But you'd have the hassle of trying to sell it privately, so you either lose 188 a month or lose the 7k in depreciation when you sell it.
Either way, if I had 14k, i'd be putting it in an isa, rather than spend it all.
You wont be putting 14k in an ISA.. Be nice if you could
Why not? Do you not have family with isa's? Doesn't need to get in the same one at the samt time.
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cpcrampton
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Registered: 16th Feb 07
Location: Stirling
User status: Offline
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A "good deal" IMO http://www.contracthireandleasing.com/car-leasing-companies/independent-brokers/dcmd-ltd/audi/a6/15228807/
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